Alex Lasry Alexander Lasry Angola Avenue Capital Group Delaware River Basin Commission democratic national committee Democratic national convention Democratic Party DNC Donald Trump Florida Fortress Investment Group fracking hydraulic fracturing jamaica Liquefied Natural Gas LNG LNG by Truck LNG Truck Marc Lasry mexico Miami Milwaukee Milwaukee Bucks natural gas New Fortress Energy New Jersey philadelphia PHMSA Pipeline and Hazardous Materials Safety Administration Progressive Democrats of America Public Accountability Initiative Puerto Rico Rob Galbraith Sunrise Movement Tech Tom Perez Trump administration Wes Edens

As Activists Push Democratic Climate Debate, DNC Donors Profit from Oil, Gas

Image Credit: U.S. Energy Information Administration

Prime Photograph Credit score: JefParker | Wikimedia Commons

After weeks of strain from local weather activists, the Democratic Nationwide Committee is formally contemplating a pair of resolutions on whether or not to host a debate targeted solely on local weather change, reversing the sooner place of DNC Chair Tom Perez.

This comes after the primary two Democratic Get together presidential debates in Miami, by which solely 15 minutes value of dialogue concerning the local weather disaster ensued inside the 4 hours of debate, each occasions not till the second hour of the talk. This occurred regardless of 63-percent of Democrats saying in a current ballot that it’s “essential” for them to listen to candidate’s coverage stances on the local weather disaster at debates, the very best proportion of any coverage class.

Lack of a scheduled climate-specific debate moved activists with the Dawn Motion to collect outdoors of the DNC’s headquarters in Washington, D.C. earlier than and in the course of the first spherical of debates in Miami and demand a local weather debate. In response, the DNC locked the door on Dawn, leaving them outdoors. Their protest became a sit-in with activists tenting out for the subsequent two nights.

Dawn Communications Director Stephen O’Hanlon informed The Actual Information that he believed how Democrats handled Dawn can be totally different in the event that they have been a gaggle of fossil gasoline industry lobbyists.

“We requested to go up and have a gathering with members of the DNC, they usually refused. They locked the doorways on us,” O’Hanlon stated. “You’ll be able to guess when the oil and fuel lobbyists come right here they don’t have the doorways locked on them.”

In reality, one fossil gasoline industry-connected adviser, Ernest Moniz, is related to at least one Democratic candidate presently main within the polls. He’s former Vice President Joe Biden’s local weather adviser and served as U.S. Secretary of Power underneath President Barack Obama.

Moniz’s connections to the fossil gasoline industry and to high-level Democratic donors with ties to the oil and fuel sector present that, regardless of a push by activists for a Democratic local weather debate and for candidates to reject fossil gasoline cash, the industry nonetheless carries vital clout inside the get together’s highest degree.

“Business Puppet”

Moniz is a nuclear doctor by educational background, recognized by many as a key dealer of the nuclear deal signed between the U.S. and Iran.

However whereas working on the Massachusetts Institute of Know-how earlier than turning into Power Secretary, Moniz additionally headed up the MIT Power Institute, an entity closely endowed by corporations akin to BP and Chevron which was instrumental in selling hydraulic fracturing (“fracking”) for shale fuel throughout his time there. In a prolonged 2013 investigative report analyzing Moniz’s full track-record at MIT selling insurance policies favorable to the oil and fuel industry, Public Accountability Initiative referred to as Moniz an “industry puppet.”

Extra lately, Moniz has written in opposition to the Inexperienced New Deal proposal being pushed by the Dawn Motion and their allies within the local weather justice motion, as an alternative calling for a “Inexperienced Actual Deal.” In that CNBC article, Moniz touts “electrical energy decarbonization” which “has taken [off] due to the pure fuel revolution that has lowered coal use.” Biden’s coverage staff has stated it goals to realize a “center floor” on local weather coverage, a stance criticized by rival candidate Bernie Sanders, U.S. Rep. Alexandria Ocascio-Cortez (D-NY) and others.

Moniz and Biden additionally share an important tie to a key financier of the Democratic Nationwide Conference set to happen in July 2020 in Milwaukee, the place whoever comes out victorious after the debates and first elections might be named the celebration’s presidential nominee.

LNG Backyard of Edens

That financier is Wes Edens, the co-owner of the Milwaukee Bucks. He’s additionally the co-founder and co-CEO of the agency Fortress Funding Group, which has a pure gas-focused subsidiary named New Fortress Power.

In its most up-to-date annual report filed with the U.S. Securities and Trade Fee (SEC), New Fortress cites the “historic ample provide of pure fuel and discoveries of considerable portions of unconventional, or shale, pure fuel” because the bedrock of its enterprise mannequin. It additionally notes that a lot of the fuel it is going to commodify, and certainly a lot of the fuel produced within the U.S. market, comes from fracking.

Methane is a greenhouse fuel 86-105 occasions stronger than carbon dioxide as a warmth trapping agent over a 20-year interval, the important thing interval throughout which most local weather scientists say main motion have to be taken to fight the potential ravages of local weather change.

In Florida, one of many Edens owns a pure fuel liquefaction facility situated about 10 miles west from the primary spherical of debates happened, close to Miami, in Hialeah. New Fortress has already begun delivery liquefied pure fuel (LNG), a super-chilled model of pure fuel permitting it to be shipped in containerized type, out of the Hialeah Rail Yard and to the worldwide market.

That fuel at present goes to goes primarily to an influence plant in northwest Jamaica, the primary nation New Fortress signed on for a serious LNG provide deal.

Biden and Moniz helped make that deal a actuality.

Picture Credit score: U.S. Power Info Administration

Jamaica’s Minister of Science, Technology, Energy and Mining, Phillip Paulwell signs energy technology sharing agreement with U.S. Secretary of Energy Ernest Moniz on April 9, 2015; Photo Credit: Jamaica Information Service

Jamaica’s Minister of Science, Know-how, Power and Mining, Phillip Paulwell indicators power know-how sharing settlement with U.S. Secretary of Power Ernest Moniz on April 9, 2015; Photograph Credit score: Jamaica Info Service

After closing the deal on delivery LNG from the Miami space to Jamaica, New Fortress carried that momentum into getting offers in place to ship LNG to locations resembling Puerto Rico, Mexico, Eire, Angola, with ongoing negotiations to do the identical within the Dominican Republic.

New Fortress Energy TerminaIs Map; Image Credit: U.S. Securities and Exchange Council

New Fortress Power TerminaIs Map; Picture Credit score: U.S. Securities and Change Council

LNG Vans and Rail, Fuel Rivers

New Fortress’ pure gas-centric power proposals, although uncontested in Jamaica (a minimum of in accordance with all out there press accounts), have acquired some opposition within the U.S. A type of websites of opposition is alongside the Delaware River.

A New Fortress subsidiary submitted an software with the Pennsylvania Division of Environmental Safety (DEP) in December 2018 for an $800 million facility which might superchill and liquify shale fuel.

Interstate pipeline tasks should bear a strong regulatory course of, overseen by the U.S. Federal Power Regulatory Fee (FERC), which incorporates public feedback and hearings. However delivery LNG by rail and truck would assist New Fortress keep away from that.

New Fortress Power’s DEP software says that the corporate might use 400 LNG vans per day to ship LNG to an export facility in New Jersey. It might additionally ultimately ship the LNG by rail.

Image Credit: Pennsylvania Department of Environmental Protection

Picture Credit score: Pennsylvania Division of Environmental Safety

A unique New Fortress subsidiary obtained an preliminary environmental allow on June 6 from the U.S. Pipeline and Hazardous Supplies Security Administration (PHMSA) to ship LNG by rail. In response, U.S. Rep. Peter DeFazio (D-OR) launched an modification to a Home appropriations invoice, calling for a ban on LNG by rail shipments as a consequence of cited questions of safety. It handed principally alongside social gathering strains as a part of a Home appropriations invoice on June 24.

“These shall be six trains a day going by way of probably the most populated elements of Florida, automobiles in every practice,” DeFazio stated on the Home flooring earlier than the affirmative modification vote. “And, oh, by the best way, inside the blast zone is Mar-a-Lago. Are they going to permit the trains to run whereas the President is there?”

DeFazio has additionally since requested a 30-day extension on PHMSA’s last ruling, to permit for extra public feedback and dialogue over questions of safety.

Environmental teams comparable to Delaware Riverkeeper and the Sierra Membership of New Jersey have additionally raised security considerations about LNG. They are saying it’s chemically risky which suggests it might TKTKTK. Additional, they are saying it should incentivize extra fracking, bringing with it group well being impacts and extra broadly, international local weather impacts.

“LNG brings with it the hazards of a spill and launch. If LNG liquid is launched it creates a critical security hazard for these round,” wrote Delaware Riverkeeper in a Might 29 letter to the Delaware River Basin Fee.

Alongside one other river, the Ohio, one other New Fortress subsidiary has begun constructing out a pure fuel energy plant, in addition to a frac sand processing hub, all related to space pipelines and rail networks. Calling it the Lengthy Ridge Power Terminal, the Hannibal, Ohio-based facility goals to open by 2021. Frac sand, the mining for which has introduced with its personal group well being impacts, is what allows fuel to fissure and move by way of wells in the course of the fracking course of. Development of the facility plant, dubbed the Lengthy Ridge Power Producing Undertaking, started on June 18.

“As soon as In a Lifetime”

Edens co-owns the Milwaukee Bucks with Marc Lasry. With a internet value $1.eight billion, Lasry can also be closely concerned within the fossil gasoline industry by way of the personal fairness agency for which he works as co-CEO, Avenue Capital Group.

When international oil buying and selling costs crashed in 2015, Lasry referred to as it a “once-in-a-lifetime” funding alternative. Simply months earlier than making these feedback, Lasry’s Avenue Capital created Avenue Power Alternatives Fund, placing over $1.25 billion into the trigger.

As a person institutional investor, SEC filings present Lasry has over half a billion dollars invested in oil corporations akin to TransOcean (one of many oil providers corporations answerable for the 2010 BP oil spill within the Gulf of Mexico), Pacific Drilling, Chaparral Power, Extremely Petroleum and others.

Image Credit: U.S. Securities and Exchange Commission

Picture Credit score: U.S. Securities and Trade Fee

Aberdeen Revenue Credit score Methods Fund—an Avenue Capital-managed fund which oversees investments for pension plans, endowments, foundations and different institutional buyers—additionally has heavy investments within the fossil gasoline industry. In line with its most up-to-date quarterly itemizing of portfolio holdings filed with the SEC, Avenue’s Aberdeen has investments within the tar sands extraction corporations Southern Pacific Useful resource Corp and Connacher Oil, the offshore drilling rig firm Seadrill Companions, California’s largest oil and fuel driller California Assets Company, the fracking firm Calfrac Holdings and others.

In 2017, Lasry introduced he would shift Avenue Capital’s funding focus within the course of financially distressed energy plant corporations.

One of many first examples of that occurred on the Charles P. Crane Producing Station in Baltimore, previously powered by coal till shuttering in 2018. Avenue Capital purchased the facility plant in 2016. The plant received a restart allow to modify from coal to pure fuel energy era from the Maryland Public Service Fee on Might 21, to the chagrin of space local weather activists, who’ve argued towards reopening the power as a gas-powered entity.

Lasry’s Avenue Capital additionally has three way partnership relationship with Center River Energy, an organization which focuses on investing in pure fuel energy crops all through California, in addition to proudly owning one every in Virginia and West Virginia.

Bucks Cease Right here

Subsequent yr’s Democratic Nationwide Conference shall be held in Milwaukee, on the Milwaukee Bucks’ stadium, Fiserv Discussion board.

Each Edens and Lasry have additionally functioned as key donors to Democratic presidential and congressional candidates in recent times. In line with federal election contribution knowledge, Edens gave $61,700 to the DNC through the 2016 presidential election cycle, whereas Lasry gave $72,800. Lasry’s spouse, Cathy, additionally gave $33,400 to the DNC throughout that cycle.

Marc Lasry’s son, Alexander Lasry—additionally the Senior Vice President of the Bucks—will work because the finance chair for the 2020 conference. Alexander Lasry previously labored as an aide to Obama White Home senior advisor Valerie Jarrett.

Alexander Lasry didn’t reply to a request for remark for this story, nor did press representatives for Fortress Power Group or the Democratic Nationwide Committee.

“Not Critical”

DNC Chairman Perez has written that he doesn’t consider single-issue debates must be held as a result of some will really feel brief modified that their matter of ardour was not equally singled out.

“If we modify our tips on the request of 1 candidate who has made local weather change their marketing campaign’s signature challenge, how do we are saying no to the quite a few different requests we’ve had?” Perez wrote in a June 11 article revealed on Medium.com. “How do we are saying no to different candidates within the race who might request debates targeted on a problem they’ve made central to their very own campaigns?”

However in response to the shortage of a scheduled local weather debate, the group Progressive Democrats of America paid for a half-page commercial open letter revealed in The Miami Herald on June 27 calling for one within the identify of the unprecedented local weather emergency. It was co-signed by quite a few progressive local weather thought leaders, together with Naomi Klein, Invoice McKibben, Josh Fox, Tim DeChristopher and others.

Posted by PDA Broward on Thursday, 27 June 2019

The Dawn Motion, for its half, has continued to beat the drum on what it sees as a necessity for a Democratic local weather debate, and can reveal extra plans concerning the subsequent steps in its marketing campaign in a July 2 webinar.

“It’s absurd to host a debate in Miami—a metropolis the place tens of millions of individuals might lose their houses on account of sea degree rise that’s additionally solely 20 miles from the Everglades the place large fires are uncontrolled—and spend just a few minutes on the local weather disaster,” wrote Dawn Motion’s Director, Varshini Prakash, in a press launch after the talk. The debates, she added, “made it crystal clear that the media and the political institution are out of contact with our era.”

Rob Galbraith, a Senior Analysis Analyst for the Public Accountability Initiative—a corporation which oversees the web site LittleSis.org and focuses on energy mapping analysis—addressed the position of Edens immediately. Galbraith co-authored a 2013 research analyzing the industry connections Moniz introduced with him to the Power Division.

“Monetary companies like Wes Edens’ New Fortress Power are crucial gamers in propping up the fossil gasoline industry, which is chargeable for our present local weather disaster,” stated Galbraith, co-author of a 2013 research analyzing the industry connections Moniz introduced with him to the Power Division. “By giving taking Edens’ cash, awarding him a place of affect on the host committee of the celebration conference, and refusing to carry a debate about probably the most essential problem of our time, the Democratic Social gathering is displaying that it isn’t critical about addressing local weather change.”

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